Indonesian defense expenditure is forecast to value US$8.2 billion in 2020 and is expected to grow at a CAGR of 3.39% during the forecast period to value US$9.4 billion in 2024. Over the next few years, Indonesia wants to be recognized as a major regional military power. The economy has been growing at an average rate of 5.51% historically, and this has fueled growth in the defense expenditure. Furthermore, the growth in defense spending is also driven by the need to modernize the Indonesian armed forces under the Strategic Plan 2024.

This report offers detailed analysis of the Indonesian defense industry with market size forecasts covering the next five years. This report will also analyze factors that influence demand for the industry, key market trends, and challenges faced by industry participants.

Scope

In particular, it provides an in-depth analysis of the following - - The Indonesian defense industry market size and drivers: detailed analysis of the Indonesian defense industry during 2020-2024, including highlights of the demand drivers and growth stimulators for the industry. It also provides a snapshot of the countrys expenditure and modernization patterns.- Budget allocation and key challenges: insights into procurement schedules formulated within the country and a breakdown of the defense budget with respect to capital expenditure and revenue expenditure. It also details the key challenges faced by defense market participants within the country.- Import and Export Dynamics: analysis of prevalent trends in the countrys imports and exports over the last five years.- Market opportunities:list of the top ten defense investment opportunities over the next 5 years.- Competitive landscape and strategic insights: analysis of the competitive landscape of the Indonesian defense industry.

Reasons to buy

- This report will give the user confidence to make the correct business decisions based on a detailed analysis of the Indonesian defense industry market trends for the coming five years.- The market opportunity section will inform the user about the various military requirements that are expected to generate revenues during the forecast period. The description includes technical specifications, recent orders, and the expected investment pattern by the country during the forecast period.- Detailed profiles of the top domestic and foreign defense manufacturers with information about their products, alliances, recent contract wins, and financial analysis wherever available. This will provide the user with a total competitive landscape of the sector.- A deep qualitative analysis of the Indonesian defense industry covering sections including demand drivers, key trends and latest industry contracts.